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20121104
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Search Results 0 to 11 of about 12 (some duplicates have been removed)
, but they say the companies with the most exposure include: liberty mutual, travelers, allstate, and chubb. auden thinks those firms will be able to shoulder a financial hit if the storm's damage mirrors that of irene. >> with every event companies gather more information on potential losses, so catastrophe losses become much more sophisticated. companies use those to measure aggregation of losses and potential losses from a given event. >> reporter: damage from wind, falling trees, and rain coming through roofs is covered by standard insurance policies. but analysts fear much of the damage from sandy to homes and businesses is likely to come from storm surge flooding which isn't. the insurance information institute estimates roughly 300,000 homes in the northeast could be vulnerable to this type of event. but the institute is optimistic many homeowners have flood insurance. >> nothing sells flood coverage like a flood and when hurricane irene hit last year there was widespread flooding throughout the northeast and many people did go out and buy flood insurance policies after that. so as l
by allstate. click or call. campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. >>> and the west coast is pitching in to help in the wake of sandy. they're heading east. their mission is to rescue stranded hurricane victims and deliver supplies to isolated communities. they will set up in a staging area in south carolina. again, this impacting people from south carolina all the way north up to main. >> but in tragedy the nation comes together time and time again. here we go. and probably to the surprise of absolutely no one, sandy is dominated social media. plenty of pictures out there on facebook and twitter and here's some that got our attention over the last few hours. you know this place well. >> this is actually a carousel close to the brooklyn bridge. right next to the carousel there's a nice green area and a small little beach. but as you can see, it's all a beach now and the horses are under water, not as they should be. >> and, of course, one of t
months without an accident, allstate sends a check. ok. [ voice of dennis ] silence. are you in good hands? >>> if brothers are are are. >>> if l. will will will if broshes if he gives his passport applications or records i will give to a charity of his choice, inner city children of chicago, american cancer society, aids research, anything he wants, a check immediately for $5 million. >> when you take a look at colin powell o you have to wonder whether that is an endorsement based on issues or he has a slightly different reason for preferring president obama. when you have somebody of your own race that you are proud of being president of the united states i applaud colin for standing with him. >> geraldo: in the supercharged preelection climate the comments by donald trump and john i sanunu have some crying racism. the associated press running a story right now that says 51% of americans now express a up from 48% in 2008.ck is that complicating the president's rekey election efforts? >> i just don't think that we know, geraldo. i think that when people oft oen wonder whether or not
in the northeast. allstate, travelers, chubs, aig, hartford, any number of those would have exposure to the northeast. >> what were the other? >> allstate, travelers, chubs, aig, hartford. >> gloria, we have to run, quick question and i know two years does not make a trend, given we have two storms in way we haven't had in many years does that change how insurance is going to be marketed for example up here? >> i don't think it's going to change how it will be marked. i think demand will pick up. there's nothing like seeing your neighbor's house float away or burn down or have some problems for to you want to go out and buy more coverage in the future, so i think you'll see increased demand. i think pricing will get an extra little boost. i don't know if it's enough to make this a hard market but rates have been moving up because of the losses from last year, but also because of very low investment yield. >> gloria vogel, thank you for joining us this morning. appreciate your perspective. >> thank you. >>> i think we have a shot of seaside heights, where if you remember yesterday, th
insurers here in new jersey. about 11% market share. liberty mutual and allstate just below that with about 8%, and then chubb falling just below that with just over 7%. we should also note that a report from credit sweet said that as losses start too get into the $20 billion and $30 billion, allstate and chubb will be set to benefit from some of that, though we should note with the markets just opening today, those are definitely going to be some stocks that people will be watching as the market reopens and some of this damage is to be expected. of course, residents no doubt still reeling, and governor christie said fema will be a strong force here, no doubt, for many, many months. and he kept stressing that word, noting that this will be a very long recovery process. people are just starting to try and put the number on very early estimates. back to you. >> kayla, it looks like we're taking a few hits from your shot, but it is surprising to see the lights behind you. i don't know if you can still hear us, kayla. have they had these lights on the whole time with generators? is that a new c
pacific region. allstate earned $1.46 a share for the third quarter. 33 cents above estimates with revenue also beating consensus by a wide margin. the insurance company saw increased revenue from premiums as well as smaller catastrophe losses. and jda software reportedly on the verge of being acquired by new mountain. they'll pay $45 a share. a tooflgts $1.9 billion. the stock had jumped 12% yesterday on reports that the company might put itself up for sale. >> if you have comments, questions about anything you see here, squawk the at cnbc.com. still ahead, tech jobs in america, how many are really out there and are they being filled? that's coming up next. plus kate kelly will be checking the supply chain for gasoline getting in to the tri-state area. i'll have to ask her if i have to car pool back into the city after the show. ♪ [ construction sounds ] ♪ [ watch ticking ] [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪ >>> take a look at u.s. equity futures. s&p 500 would be off marginally. nasdaq would be up marginally after a r
Search Results 0 to 11 of about 12 (some duplicates have been removed)